Waiting for the market to break out of the zone again. currently on the 1hr/4hr we are seeing a double bottom set up so once it breaks out of the zone that is our final confirmation for the bull run.
Looking to see if we will get a retest back to the previous lower high structure. If the markets close back outside of the zone, then this will be my sell set up that I will take
I am looking for a retest back to the previous zone structure. Once we get the retest and it closes above, then we can look for the continuation for the buys .
If market closes back inside zone, I believe this will be a great opportunity to take short sell positions back to previous zone that the market broke out of!
Expecting the retest back to previous lower high level on 1hr/4 hr time frame and then potential sells can come into play
This trade idea is honestly for a short position but it can indeed be held for a long position to the retest of 4490. For my people that trade SPX we all know It likes to market correct itself every week, so let's see how we looking as the market takes off this week.
Looking for SPX500 to retest that previous support level from last week to continue in the uptrend